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financial markets the u.s. treasury bond market is the single largest and most liquid financial market in the world and that's important in times of turbulence that's what continues to make the dollar and only the dollar crude safehaven currency so then even if there were because you're saying that you're on the right maybe they're not qualified even if they were do you see a scenario where you would ever be confident that central banks could have an orderly transition to another fear based monetary order where another currency was the reserve currency. i do think that's possible i do think that central banks and private investors could adapt themselves to a world where there were three true global currencies the dollar the euro and the renminbi where there were deep and liquid markets in all of them and where all of them were used in international credit sections i think indeed that could make the world a safer financial place because if one of the issuers say the u.s. government. misbehaves doesn't follow pru
financial markets the u.s. treasury bond market is the single largest and most liquid financial market in the world and that's important in times of turbulence that's what continues to make the dollar and only the dollar crude safehaven currency so then even if there were because you're saying that you're on the right maybe they're not qualified even if they were do you see a scenario where you would ever be confident that central banks could have an orderly transition to another fear based...
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the u.s. government is not going to be able to pump out safe and liquid assets on the scale that the global economy requires so there will have to be other sources of those assets in my book a year and a half ago i said the eurozone and china are the most likely alternatives but they're both having problems at the moment so there really is no alternative to the dollar that's one factor supporting the currency and the other fundamental is the liquidity of u.s. financial markets the u.s. treasury bond market is the single largest and most liquid financial market in the world and that's important in times of turbulence that's what continues to make the dollar and only the dollar crude safe haven currency so then even if there were because you're saying the euro the renminbi they're not qualified even if they were do you see a scenario where you would ever be confident that central banks could have an orderly transition to another fee based monetary order where another currency was the reserve cur
the u.s. government is not going to be able to pump out safe and liquid assets on the scale that the global economy requires so there will have to be other sources of those assets in my book a year and a half ago i said the eurozone and china are the most likely alternatives but they're both having problems at the moment so there really is no alternative to the dollar that's one factor supporting the currency and the other fundamental is the liquidity of u.s. financial markets the u.s. treasury...
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the coffee giant is planning to add at least 1500 more cafes in the u.s. over the next five years. that plan will boost the number in the country by 30%. the seattle-based company will serve a new brand of tea in its cafes. >>> particular kind of doctor is becoming harder to find. the number of medical students electing to become primary care doctors is dwindling according to a new study, many are choosing to become specialists. the students say because you get paid more as a specialist, work fewer hours and have more control over their schedule. >>> raiders day begins today with a special pregame edition of abc7 news at 6:30. tomorrow sports director larry biel hosting a pregame show at 4 p.m.. kennedy and woodson join us for that. at 5 coverage of the game begins live from the coliseum. once the game ends larry, lincoln and ron will return with after the game. it is abc programming: >>> mikes takes another look atdkx ñ [ female announcer ] martinelli's gold medal sparkling cider is the perfect choice for holiday gatherings. martinelli's is non-alcoholic, festive like champagne,
the coffee giant is planning to add at least 1500 more cafes in the u.s. over the next five years. that plan will boost the number in the country by 30%. the seattle-based company will serve a new brand of tea in its cafes. >>> particular kind of doctor is becoming harder to find. the number of medical students electing to become primary care doctors is dwindling according to a new study, many are choosing to become specialists. the students say because you get paid more as a...
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the coffee giant is planning to add at least 1500 more cafes in the u.s. over the next five years. that plan will boost the number in the country by 30%. the seattle-based company will serve a new brand of tea in its cafes. >>> particular kind of doctor is becoming harder to find. the number of medical students electing to become primary care doctors is dwindling according to a new study, many are choosing to become specialists. the students say because you get paid more as a specialist, work fewer hours and have more control over their schedule. >>> raiders day begins today with a special pregame edition of abc7 news at 6:30. tomorrow sports director larry biel hosting a pregame show at 4 p.m.. kennedy and woodson join us for that. at 5 coverage of the game begins live from the coliseum. once the game ends larry, lincoln and ron will return with after the game. it is abc programming: ron: years ago i made a promise to provide the best for my family, in sickness and in health. carol and i needed help figuring out what's covered by medicare and what's not. so we turned to the same f
the coffee giant is planning to add at least 1500 more cafes in the u.s. over the next five years. that plan will boost the number in the country by 30%. the seattle-based company will serve a new brand of tea in its cafes. >>> particular kind of doctor is becoming harder to find. the number of medical students electing to become primary care doctors is dwindling according to a new study, many are choosing to become specialists. the students say because you get paid more as a...
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questions from members of the business round table an association of chief executive officers of leading u.s. companies. later in the day president obama will address a conference of native american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military spending. but many lawmakers want to avoid the automatic across the board cuts and defense budget that will kick in january 1st if congress doesn't act. they would prefer to make strategic cuts. >>> nudist are planning a city against san francisco. against-- planning a protest against city hall. they had to cover half a dozen nudist. the board voted 6-5 for final approval of a ban on public nudity. >> there is no evidence anywhere in science or any kind of research any legitimate research that nudity harms anybody. >> it's a very narrow piece of legislation having to do with our limited public spaces and pu
questions from members of the business round table an association of chief executive officers of leading u.s. companies. later in the day president obama will address a conference of native american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military...
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the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of this. increasingly you are hearing from republicans on the house and senate side we are done looking for compromise on this. we want a way out. looking for an exit plan. >> bret: meantime, the pentagon is now saying that they are preparing for sequestration, as the other agencies. getting ready for what happens. how much can the government hold off the bad things that happen on the first of the year? >> hold off some of it for a few months but this is a catastrophe. the president says rattling the cage, that will a
the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way...
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the rise today, as investors are becoming increasingly convinced that political leaders here in the u.s. will reach a deal to avoid the fiscal cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have not been released. the nation's largest port complex loss angeles and long beach is back in business today. striking clerical workers reached a tentative agreement. the eight day strike prevented shippers from delivering goods with slips stacked up off shore. it was estimated that the strike cost the local economy a billion dollars a day. >> as we take a break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit se
the rise today, as investors are becoming increasingly convinced that political leaders here in the u.s. will reach a deal to avoid the fiscal cliff. next flicks' has reached a multi-year agreement to show disney movies after they finish their run in theaters. net flics outbid hbo, showtime and current rights holder stars. the deal will allow net slicks' to stream in disney movies over the internet, seven months after they leave theaters. starting in 2016. the financial terms of the deal have...
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they outbid starz network for the u.s. rights to showdyny -- disney movies eight months after they are out of theaters. netflix is not saying how much they paid. but this is the first time they've sold rights to an internet company instead of a premium tv network. the agreement does not go into effect until 2016. >>> john mcafee, now wants asylum in guatemala after police in belize named him a person of interest in a murder case. police want to question him about the murder of a neighbor. he says he had nothing to do with it and he fled because he fears persecution. police say he's not a suspect in the case. they just want to talk to him to get some answers for their investigation. >>> back here at home, san francisco police are investigating a deadly shooting in hayes valley. it happened on grove and buchanan about 8:00 last night. police say they found had a man who had been shot once in the torso and the leg. he was rushed to the hospital. but he later died. so far no arrests have been made. >>> 7:47. police in new york
they outbid starz network for the u.s. rights to showdyny -- disney movies eight months after they are out of theaters. netflix is not saying how much they paid. but this is the first time they've sold rights to an internet company instead of a premium tv network. the agreement does not go into effect until 2016. >>> john mcafee, now wants asylum in guatemala after police in belize named him a person of interest in a murder case. police want to question him about the murder of a...
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is the u.s. going to default on its debt, are we going to be back in that position we were in not so long ago? that will be a tough spot. the political fallout and the economic fallout of that, the u.s. never defaulted on its debt, there was a terrible market volatility and business leaders who are ready to invest in this country i think in the right circumstances say this political game of chicken is the biggest empidiment to growth in the country. >> it seemed like nancy pelosi was in favor of some two-part solution. let me play what she said last night. >> we've talked about a two-step, a downpayment on cuts, on investments and on revenue this year and then in the next year take the time to go over what we would do with real revenue reform. you can't do it in a matter of weeks right now. >> i mean you hear a lot of that, there's only so much you can do. chris, you don't want to rush into making complicated decisions that should take more time, isn't that what americans are frustrated with cong
is the u.s. going to default on its debt, are we going to be back in that position we were in not so long ago? that will be a tough spot. the political fallout and the economic fallout of that, the u.s. never defaulted on its debt, there was a terrible market volatility and business leaders who are ready to invest in this country i think in the right circumstances say this political game of chicken is the biggest empidiment to growth in the country. >> it seemed like nancy pelosi was in...
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from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around he is a good little monkey and always very curious. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> the death toll from a powerful typhoon hmeri >>> the death toll from a powerful typhoon hammering the philippines climbed. flash floods and landslides killed more than 200 people. dozens more are missing. forecasters say the storm is expected to get stronger and head towards vietnam later in the week. here in new york police say the man who shoved a subway rider to
from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around he is a good little monkey and always very curious. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] maybmaybe you can't.re; when you have migraines with fifteen or...
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u.s. army colonel terara osborn was named head in the case of major nidal hasan. the u.s. court of appeals for the armed forces on monday ousted the previous judge saying that he appeared biased against hasan. hasan faces the death penalty if he is convicted in the 2009 shootings that killed 13 and wounded more than two dozen on the texas army post. >> we will be tracking the movements of this morning rain coming up. 3q get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. >> the top stories we are following at this hour. at least four people have been injured in a shooting near lake merritt late last night. police said one of the four injured was taken to a hospital in critical condition. >> san francisco officially passes a ban blocking public nudity. the board of supervisors voted 6 to 5 in favor of the band. protesters against the boat stripped off their clot
u.s. army colonel terara osborn was named head in the case of major nidal hasan. the u.s. court of appeals for the armed forces on monday ousted the previous judge saying that he appeared biased against hasan. hasan faces the death penalty if he is convicted in the 2009 shootings that killed 13 and wounded more than two dozen on the texas army post. >> we will be tracking the movements of this morning rain coming up. 3q get irresistibly clean and fresh carpets in your home with resolve...
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one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending more freely. katie marzullo, abc7 news. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay bridge enough that it is causing ponding on the embarcadero this morning that's what most of us are going to run into especially east bay highway 4 connects to 680 south of vine hill coming into concord pleasanton down to walnu
one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending more freely. katie marzullo, abc7 news. >>> president obama speaks to business leaders this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and...
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or he may go with susan rice the u.s. ambassador to the united nations. president obama meets with two very different groups. both have concerns about the fiscal cliff conference. and remember he meets with them top ceo's. coming up the one issue where president obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this is a big rig verses a small pickup truck and an ambulance is on the way. we understand there are injuries involved. here it is right here. 880 northbound near the grand avenue exit. we had somebody needs an ambulance basically. we are keeping an eye on it. all right. up next we will take a live look at 280 in san jose. you can see traffic is actually flowing nicely in both directions. and it's 5:08 let's check in with steve. >> thank you tara. >>> our system is finally moving. this is the last one. it cannot hold a candle to the three that came in before. i will show you rain tota
or he may go with susan rice the u.s. ambassador to the united nations. president obama meets with two very different groups. both have concerns about the fiscal cliff conference. and remember he meets with them top ceo's. coming up the one issue where president obama is refusing to budge in those fiscal cliff negotiations. >>> right now 5:07. we want to check back in with tara who is in for sal. definitely wet roads out there. >> reporter: we do have an accident to report. this...
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this is an association of chief executive officers of top u.s. companies. later in the day the president will address a conference of native american triable leaders. both groups are concerned about automatic tax hikes and spending cuts that will kick in on january 1st if congress does not act. >>> coming up at 6:15 the uphill battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also ha
this is an association of chief executive officers of top u.s. companies. later in the day the president will address a conference of native american triable leaders. both groups are concerned about automatic tax hikes and spending cuts that will kick in on january 1st if congress does not act. >>> coming up at 6:15 the uphill battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time...
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just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo, abc7 news. >>> another starbucks may pop up around the corner. the coffee giant is expected to announce today that it is planning to add at least 1500 in the united states over the next five years. the plan will boost the number of starbucks in the country by 13%. the seattle-based company says it will serve a new brand of tea worldwide. starbucks will have more than 20,000 cafes around the world by 2014. >> you can show me that now, anything warm sounds great, warm cup of something sounds great. >> we'll get you that great coffee from the second floor machine. [ laughing ] >> something to warm us up for sure with the rain. >> i like your train of thought. it is mild out, 50s and 60s, any time you get wet makes you feel cooler, you want something to keep you comfortable, how about this the worst of it is
just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo, abc7 news. >>> another starbucks may pop up around the corner. the coffee giant is expected to announce today that it is planning to add at least 1500 in the united states over the next five years. the plan will boost the number of...
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that's when the u.s. courts really got involved. there was a lower u.s. court that ruled -- i think is what will surprise some folks -- that there is a treaty that the u.s. and the u.k. are a party to, along with a lot of other parties, call the international child abduction treaty. and that treaty is what was upheld by the lower courts in the united states. so the mother was able to keep custody of the little girl. now the u.s. supreme court is hearing the case today and we'll see what happens. the effects of this, the impact of this will likely reach a lot of u.s. military. >> gretchen: recently in the news, there has been this american female actress who also had two children with a foreign national, i believe he was from france. >> right. >> gretchen: then he was able to take -- the judge in the u.s. ruled that he could take the children back to france and she has been trying to fight to get them back. >> exactly. and it's this treaty in the hague and it's meant to help prehave not parents from abducting children burks it seems like it's perhaps doing
that's when the u.s. courts really got involved. there was a lower u.s. court that ruled -- i think is what will surprise some folks -- that there is a treaty that the u.s. and the u.k. are a party to, along with a lot of other parties, call the international child abduction treaty. and that treaty is what was upheld by the lower courts in the united states. so the mother was able to keep custody of the little girl. now the u.s. supreme court is hearing the case today and we'll see what...
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from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. [music] "dance of the sugar plum fairies" ♪ ♪ ♪ to say get well to your loved ones. this came for you, mommy. [ female announcer ] but when you send a kleenex® care pack, complete with america's softest tissue, you're also giving a warm gesture of care. kleenex®. america's softest tissue. you're also giving a warm gesture of care. and eddy said the toys nimight not be ready!mas eddy? the elf! ♪ [ radio announcer ] today's forecast: it's snowing snowballs and snow bricks out there... seven more days and it's snowing snow bricks! oh, well, be careful! [ radio announcer ] only two days to go, and several of the elves were tossed around when they tried to wrap a pony. [ female announcer ] the keepsake countdown ornament. build anticipation every day till christmas. elves tried to wrap a pony! [ female announcer ] kay jewelers presents neil lane designs. from hollywood's premier jewelry designer. hand-craft
from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. [music] "dance of the sugar plum fairies" ♪ ♪ ♪ to say get well to your loved ones. this came for you, mommy. [ female announcer ] but when you send a kleenex® care pack, complete with america's softest tissue, you're also giving a warm gesture of care. kleenex®. america's softest tissue. you're also giving a warm gesture of care. and eddy said the toys nimight not be...
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opening 1500 new locations in the u.s., boosting the number of locations nationwide by 13%. >>> the president of egypt has returned to his palace today after angry demonstrators swarmed the palace on tuesday. they say the constitution violates the democratic principles for which they fought last year. >>> new signs that the middle class may not have to worry so much about their taxes going up at year's end. some key republicans are looking at extending the middle class tax cuts past the fiscal cliff deadline and postponing the battle over the tax cuts for the wealthy until next month. >>> some things going on at the hospital. two australian deejays called the hospital posing at queen elizabeth and prince charles and got through to kate's private nurse. shockingly, if you hear the audio, who briefed them on her condition. >>> and a health scare for anderson cooper. he says he went blind for almost two days. he actually showed a picture of himself wearing an eye patch. he says he lost his sight for some 36 hours last week, while reporting from portugal, after spending a couple hours on the wate
opening 1500 new locations in the u.s., boosting the number of locations nationwide by 13%. >>> the president of egypt has returned to his palace today after angry demonstrators swarmed the palace on tuesday. they say the constitution violates the democratic principles for which they fought last year. >>> new signs that the middle class may not have to worry so much about their taxes going up at year's end. some key republicans are looking at extending the middle class tax...